On January 8, the London Metal Exchange (LME) reported zinc inventories of 108,000 tons, an increase of 2,500 tons. Among these, registered warrants accounted for 99,825 tons, while canceled warrants totaled 8,175 tons, representing a cancellation rate of 7.57%.

PriceSeek's analysis of zinc indicates a bearish sentiment with a score of -1. The increase in LME zinc inventories by 2,500 tons to 108,000 tons, coupled with a low cancellation rate of only 7.57%, suggests ample available inventory and heightened supply pressure, which may exert downward pressure on spot prices. The score of -1 (generally bearish) reflects the typical market interpretation of rising inventories as an indicator of weak demand or oversupply, signaling short-term bearishness for zinc prices.